BILL · 2025–26 SESSION

SB 5465: Wildfire costs/securitizing

Authorizing electrical companies to securitize certain wildfire-related costs to lower costs to customers.

Summary

Permits electrical, gas, and water companies (utilities) to apply to the Utilities and Transportation Commission (UTC) for a financing order authorizing the utility to issue bonds to recover certain costs related to emergency events, such as wildfires.?
Authorizes the UTC to issue a financing order, if certain specific conditions are met, to allow recovery bondable rate recovery expenditures, issue bonds, and impose separate rate recovery charges on customers.
Prohibits the state from being obligated to pay or guarantee any bond under this act.?

From the Senate Bill Report (Orig.) (SB 5465), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee

AN ACT Relating to authorizing electrical companies to securitize certain wildfire-related costs to lower costs to customers;

No recorded floor votes. This measure never reached a floor vote.

Bill numbers restart every two years, so the same number is a different bill in each session.

SB 5465 (2023–24) Tourism marketing · Did not pass · died in committee
SB 5465 (2021–22) Road maintenance/planning · Did not pass · died in committee
SB 5465 (2019–20) Public education funding · Did not pass · died in committee
SB 5465 (2017–18) Corrections ombuds, creating · Did not pass · passed Senate, stalled in House
SB 5465 (2015–16) Dental pro's, midlevel · Did not pass · died in committee
SB 5465 (2013–14) Physical therapists · Enacted · Chapter 280, Laws of 2013
SB 5465 (2011–12) Safety net assessment · Did not pass · stalled on the Senate floor
SB 5465 (2009–10) Indus insur final settlement · Did not pass · died in committee